Entry details

FTX CEO Bankman-Fried Resigns, Bankruptcy Proceedings Begin

 

Category: Crypto General -> Bankruptcy and frauds

Type: article

https://blockworks.co/news/ftx-ceo-bankman-fried-resigns-bankruptcy-proceedings-begin/

"The FTX bankruptcy follows rumors of a massive hole in the companyâ??s balance sheet, with some estimates rising as high as $9 billion. Over the past two weeks, Bankman-Friedâ??s $32 billion company collapsed in the face of mounting evidence that the relationship between FTX and Alameda Research, the trading arm he also co-founded, was deeply unhealthy. "

 

 

 

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